Paul Goldsmith3 November 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has today announced the government’s approval to increase funding for the Financial Markets Authority (FMA) and the Companies Office.
“The increased funding will help these organisations maintain a well-regulated business environment for New Zealanders.
“The FMA will get an additional $9.8 million per year and the Companies Office, an additional $5.3 million per yea...

Paul Goldsmith5 October 2016
The Financial Markets Authority’s (FMA) KiwiSaver Annual report, tabled in Parliament today, provides a comprehensive snapshot of KiwiSaver engagement says Minister for Commerce and Consumer Affairs Paul Goldsmith.
“The report shows growth in people using KiwiSaver to help save for their first home and a continued increase in KiwiSaver membership. For the first time, the number of New Zealanders transferring between schem...

Paul Goldsmith11 August 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has today called for people to use the drop in the Official Cash Rate (OCR) as a chance to review finances and savings and consider debt reduction.
“With the fall in the OCR and possible flow on to mortgage and deposit rates, it is an opportune time to make sure you are making the choices that are right for you. This includes whether or not to consolidate debt, or move...

Paul Goldsmith13 July 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has announced plans for changes to the Financial Advisers Act (FAA) and the Financial Service Providers Act (FSPA).
“The changes come after a comprehensive review, which will simplify regulation, enable advisers to have sensible conversations and encourage more people to seek high quality advice tailored to their needs.
“A lot has happened since these Acts were originall...

Paul Goldsmith29 June 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has welcomed the release of the Financial Markets Authority’s (FMA) review of insurance replacement business today.
“Transparency is vital for consumers to have confidence in markets and make informed decisions,” says Mr Goldsmith.
“Insurance replacement is an area where there has been considerable scrutiny, particularly to determine if ‘churn’ in the life insura...

Paul Goldsmith14 June 2016
Commerce and Consumer Affairs Minister Paul Goldsmith today announced the appointment of Vanessa Stoddart and the reappointment of Mary Holm to the Financial Markets Authority (FMA) Board.
Ms Stoddart has been appointed to the FMA Board for a five-year term and Ms Holm has been reappointed for a further three years.
“I am pleased with the wealth of experience these appointments bring,” says Mr Goldsmith.
“Ms Stoddart has...

Paul Goldsmith18 November, 2015
An expert group will review New Zealand’s corporate insolvency laws and report back to the government, Commerce and Consumer Affairs Minister Paul Goldsmith announced today.
“A working group of insolvency experts will be set up to provide independent advice to the government on important aspects of corporate insolvency law,” Mr Goldsmith says.
“It is inevitable that businesses get into trouble and fail. When that hap...

Paul Goldsmith31 August, 2015
Empowering people to be better with money is the key focus for Money Week, says Commerce and Consumer Affairs Minister Paul Goldsmith.
“By building the financial capability of our families and communities we can help people better shape their lives, reduce debt and hardship, and achieve their goals,” Mr Goldsmith says.
“Getting people thinking about money and how to manage it, from day-to-day budgeting to long term planning are some of the things being d...

Paul Goldsmith25 August, 2015
Minister of Commerce and Consumer Affairs Paul Goldsmith today announced that the share trading platform Unlisted will be granted an exemption from the licensing requirements of the Financial Markets Conduct Act.
“In making this decision, I have considered the risks and benefits of allowing Unlisted to operate as an unlicensed market,” Mr Goldsmith says.
“Unlisted will be allowed to continue as a trading platform with a number of conditions in place to he...

Paul Goldsmith
20 August, 2015
Commerce and Consumer Affairs Minister Paul Goldsmith today announced two reappointments to the Takeovers Panel and three reappointments to the Disciplinary Committee under the Financial Advisers Act.
David Jones has been reappointed as Takeovers Panel Chairperson for one further year, starting on 1 October. Richard Hunt, who is a member cross-appointed from the Australian Takeovers Panel, has been reappointed to the Takeovers Panel for a further term until Ap...

Maggie Barry, Paul Goldsmith
12 August, 2015
Minister for Senior Citizens Maggie Barry and Minister of Commerce and Consumer Affairs Paul Goldsmith today welcomed a survey highlighting the importance of all New Zealanders planning for their retirement.
The joint survey by the Commission for Financial Capability (CFFC) and the Financial Markets Authority (FMA) shows many older New Zealanders don’t yet know how they will reach their retirement goals.
“Planning for a secure financial futur...